I really hope that when it approaches ETF acceptance, there will be no drama like what happened with Bitcoin. They rejected it in the last few days so that the price collapsed, and after that, they started accepting ETFs and made the price rise. If Ethereum has started to enter the ETF, then it will make it easier to buy Ethereum and, of course, increase demand on exchanges.
I want to disappoint you, it will be a roller coaster ride during
ETF-ETH adoption. Look, the SEC can make money on this kind of manipulation. Why wouldn't they take advantage of that? The result will be the same as with
ETF-BTC. Maybe the news feed on (
social network X) will be different - but the goal at the
SEC, is the same. So we just have to wait and see what happens.
P.S. My advice is simple, during this news - try not to open positions, refrain from short-term buying/selling. And after the official news, you can decide how to proceed, etc.
Meanwhile, on 20.02.24, the ETH rate officially broke through the 3,000$ mark.